Requirements for Insurance; National Credit Union Share Insurance Fund Equity Distributions; Correction, 14741 [2018-07068]
Download as PDF
<![CDATA[
Federal Register / Vol. 83, No. 67 / Friday, April 6, 2018 / Rules and Regulations
Subpart F—Grade Requirements
Dated: March 30, 2018.
Bruce Summers,
Acting Administrator, Agricultural Marketing
Service.
[FR Doc. 2018–06882 Filed 4–5–18; 8:45 am]
BILLING CODE 3410–02–P
By the National Credit Union
Administration Board on April 2, 2018.
Gerard Poliquin,
Secretary of the Board.
For the reasons discussed above, the
Board amends 12 CFR part 741 as
follows:
PART 741—REQUIREMENTS FOR
INSURANCE
1. The authority citation for part 741
continues to read as follows:
■
NATIONAL CREDIT UNION
ADMINISTRATION
Authority: 12 U.S.C. 1757, 1766(a), 1781–
1790, and 1790d; 31 U.S.C. 3717.
12 CFR Part 741
2. Amend § 741.4 in paragraph (b), by
revising the definition of ‘‘equity ratio’’
to read as follows:
■
RIN 3133–AE77
Requirements for Insurance; National
Credit Union Share Insurance Fund
Equity Distributions; Correction
*
National Credit Union
Administration (NCUA).
AGENCY:
Final rule; correcting
amendment.
ACTION:
On February 23, 2018, the
NCUA Board (Board) published a final
rule adopting amendments to its share
insurance requirements rule to provide
stakeholders with greater transparency
regarding the calculation of each eligible
financial institution’s pro rata share of
a declared equity distribution from the
National Credit Union Share Insurance
Fund (NCUSIF). A clerical error
appeared that resulted in an incorrect
amendatory instruction. This document
corrects that error.
SUMMARY:
This correction is effective April
6, 2018.
DATES:
FOR FURTHER INFORMATION CONTACT:
Benjamin M. Litchfield, Staff Attorney,
Office of General Counsel, the National
Credit Union Administration, at 1775
Duke Street, Alexandria, Virginia
22314–3428, or by telephone at (703)
518–6540.
On
February 23, 2018, at 83 FR 7954, the
Board published a final rule adopting
amendments to 12 CFR part 741.
Amendatory instruction 2.a.iv. called
for revising the definition of ‘‘equity
ratio’’ in § 741.4. However, the final rule
did not set out regulatory text for the
revised definition of ‘‘equity ratio.’’ This
was an inadvertent drafting error. This
document corrects that error by
amending the final rule to supply a
revised definition for ‘‘equity ratio.’’
daltland on DSKBBV9HB2PROD with RULES
SUPPLEMENTARY INFORMATION:
List of Subjects in 12 CFR Part 741
Bank deposit insurance, Credit
unions, Reporting and recordkeeping
requirements.
VerDate Sep<11>2014
20:57 Apr 05, 2018
Jkt 244001
§ 741.4 Insurance premium and one
percent deposit.
*
*
*
*
(b) * * *
*
*
*
*
*
Equity ratio means the ratio of:
(i) The amount determined by
subtracting—
(A) Direct liabilities of the NCUSIF
and contingent liabilities for which no
provision for losses has been made from
(B) The sum of all one percent
deposits made by federally insured
credit unions pursuant to paragraph (c)
of this section and the retained earnings
balance of the NCUSIF, to
(ii) The aggregate amount of insured
shares in all federally insured credit
unions.
*
*
*
*
*
[FR Doc. 2018–07068 Filed 4–5–18; 8:45 am]
BILLING CODE 7535–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2017–0668; Product
Identifier 2017–NE–17–AD; Amendment 39–
19236; AD 2018–07–05]
RIN 2120–AA64
Airworthiness Directives; General
Electric Company Turbofan Engines
Federal Aviation
Administration (FAA), DOT.
ACTION: Final rule.
AGENCY:
We are adopting a new
airworthiness directive (AD) for all
General Electric Company (GE) CF6–
80A, –80A1, –80A2, and –80A3
turbofan engines. This AD was
prompted by high cycle fatigue (HCF)
cracking of the low-pressure turbine
(LPT) stage 3 nozzles. This AD requires
SUMMARY:
PO 00000
Frm 00009
Fmt 4700
Sfmt 4700
14741
replacement of the LPT stage 3 nozzles,
part numbers (P/Ns) 9290M52P05 and
9290M52P06, installed. We are issuing
this AD to address the unsafe condition
on these products.
DATES: This AD is effective May 11,
2018.
For service information
identified in this final rule, contact
General Electric Company, GE-Aviation,
Room 285, 1 Neumann Way, Cincinnati,
OH 45215, phone: 513–552–3272; fax:
513–552–3329; email: geae.aoc@ge.com.
You may view this service information
at the FAA, Engine and Propeller
Standards Branch, 1200 District
Avenue, Burlington, MA 01803. For
information on the availability of this
material at the FAA, call 781–238–7759.
It is also available on the internet at
https://www.regulations.gov by searching
for and locating Docket No. FAA–2017–
0668.
ADDRESSES:
Examining the AD Docket
You may examine the AD docket on
the internet at https://
www.regulations.gov by searching for
and locating Docket No. FAA–2017–
0668; or in person at Docket Operations
between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.
The AD docket contains this final rule,
the regulatory evaluation, any
comments received, and other
information. The address for Docket
Operations (phone: 800–647–5527) is
Docket Operations, U.S. Department of
Transportation, Docket Operations,
M–30, West Building Ground Floor,
Room W12–140, 1200 New Jersey
Avenue SE, Washington, DC 20590.
FOR FURTHER INFORMATION CONTACT:
Herman Mak, Aerospace Engineer, ECO
Branch, FAA, 1200 District Avenue,
Burlington, MA 01803; phone: 781–
238–7147; fax: 781–238–7199; email:
herman.mak@faa.gov.
SUPPLEMENTARY INFORMATION:
Discussion
We issued a notice of proposed
rulemaking (NPRM) to amend 14 CFR
part 39 by adding an AD that would
apply to all GE CF6–80A, –80A1,
–80A2, and –80A3 turbofan engines.
The NPRM published in the Federal
Register on September 12, 2017 (82 FR
42752) and an NPRM correction
published on September 21, 2017 (82 FR
44127). The NPRM was prompted by an
LPT uncontainment on a GE CF6–80A2
engine. An investigation determined the
uncontainment was the result of HCF
cracking of the LPT stage 3 nozzles. The
NPRM proposed to require replacement
of the LPT stage 3 nozzles. We are
E:\FR\FM\06APR1.SGM
06APR1
]]>Agencies
[Federal Register Volume 83, Number 67 (Friday, April 6, 2018)]
[Rules and Regulations]
[Page 14741]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-07068]
=======================================================================
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
12 CFR Part 741
RIN 3133-AE77
Requirements for Insurance; National Credit Union Share Insurance
Fund Equity Distributions; Correction
AGENCY: National Credit Union Administration (NCUA).
ACTION: Final rule; correcting amendment.
-----------------------------------------------------------------------
SUMMARY: On February 23, 2018, the NCUA Board (Board) published a final
rule adopting amendments to its share insurance requirements rule to
provide stakeholders with greater transparency regarding the
calculation of each eligible financial institution's pro rata share of
a declared equity distribution from the National Credit Union Share
Insurance Fund (NCUSIF). A clerical error appeared that resulted in an
incorrect amendatory instruction. This document corrects that error.
DATES: This correction is effective April 6, 2018.
FOR FURTHER INFORMATION CONTACT: Benjamin M. Litchfield, Staff
Attorney, Office of General Counsel, the National Credit Union
Administration, at 1775 Duke Street, Alexandria, Virginia 22314-3428,
or by telephone at (703) 518-6540.
SUPPLEMENTARY INFORMATION: On February 23, 2018, at 83 FR 7954, the
Board published a final rule adopting amendments to 12 CFR part 741.
Amendatory instruction 2.a.iv. called for revising the definition of
``equity ratio'' in Sec. 741.4. However, the final rule did not set
out regulatory text for the revised definition of ``equity ratio.''
This was an inadvertent drafting error. This document corrects that
error by amending the final rule to supply a revised definition for
``equity ratio.''
List of Subjects in 12 CFR Part 741
Bank deposit insurance, Credit unions, Reporting and recordkeeping
requirements.
By the National Credit Union Administration Board on April 2,
2018.
Gerard Poliquin,
Secretary of the Board.
For the reasons discussed above, the Board amends 12 CFR part 741
as follows:
PART 741--REQUIREMENTS FOR INSURANCE
0
1. The authority citation for part 741 continues to read as follows:
Authority: 12 U.S.C. 1757, 1766(a), 1781-1790, and 1790d; 31
U.S.C. 3717.
0
2. Amend Sec. 741.4 in paragraph (b), by revising the definition of
``equity ratio'' to read as follows:
Sec. 741.4 Insurance premium and one percent deposit.
* * * * *
(b) * * *
* * * * *
Equity ratio means the ratio of:
(i) The amount determined by subtracting--
(A) Direct liabilities of the NCUSIF and contingent liabilities for
which no provision for losses has been made from
(B) The sum of all one percent deposits made by federally insured
credit unions pursuant to paragraph (c) of this section and the
retained earnings balance of the NCUSIF, to
(ii) The aggregate amount of insured shares in all federally
insured credit unions.
* * * * *
[FR Doc. 2018-07068 Filed 4-5-18; 8:45 am]
BILLING CODE 7535-01-P
